For many older adults, what used to be considered retirement age seems to be pushed back further every year. Longer life expectancies, limited savings and social security funds plus overall satisfaction in one’s work have resulted in an increase in the percentage of employed adults over age 55. Many older adults are considering the idea of “reverse retirement,” or delaying traditional retirement. But getting back into one’s former career field can be just as daunting as starting a new one.
Learn about your retirement benefits as we answer some basic questions that are commonly asked during our educational presentations.
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Do you need Medicare?
Can you get benefits if you are living outside the U.S. ?
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How will this change in the law affect Washington state residents?
Recent graduates – even those a decade into their careers – aren’t the only ones paying off student debt. Sixty-five to 74-year-olds as a group have a total federal student loans balance ten times greater than 25-year-olds.
In May, we recognize Older Americans Month to acknowledge older Americans and their contributions to the nation.
Although using a family member as executor may seem like the right thing to do, consider the benefits of using a professional fiduciary.
Since 1939, March has meant one thing in the world of sports: March Madness. In this tournament, 68 college basketball teams compete through the month until only the final four teams remain. Coaches gather their teams to drive home the gravity of the moment, reminding them that they’ve worked hard and that how they respond to the pressure directly determines the outcome.
Will Social Security increase your payment?
(BPT) - Many of life’s different stages offer challenges and rewards – whether you’re starting out on your own, raising a family, focusing on your career or preparing for a rewarding retirement. However, while each life stage is unique, making sure your loved ones are cared for financially is something that needs to be addressed along the way.
(BPT) - Kathy Hesselgrave’s 90-year-old mother’s health declined to the point where she was no longer able to live in her home by herself. Because her mother needed help cooking and taking her medication, Hesselgrave found herself taking care of her mom, splitting the days and nights with her niece. Other family members pitched into help, too, but it became too much.
As you approach retirement, are you feeling good about your finances? Kudos to you if you feel comfortable with the amount you’ve saved.